Asia-Pacific Molluscicides Market
has been estimated at USD 120.33 million in 2016 and is projected to reach USD
148.17 million by 2021, at a CAGR of 4.25% during the forecast period from 2016
to 2021.
The Molluscicides market is
showcasing significant potential in the mentioned forecast period. The market
continues to build up momentum with the growing awareness among farmers about
the use of Molluscicides for controlling the population of molluscs. The market
has caught attention of various companies across the industry.
Molluscicides are one of the most
important product to tackle molluscs and thus protect plant damaging. They act
as pesticides against snails, slugs and other such organisms that feed on the
plants and harm them. They are generally found in the form of snail baits or snail
pellets.
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There are many factors driving the
market growth and some other factors that hamper the market from showing its
true potential. The major drivers of the market include rising adoption of
agrochemicals among developing countries, demand for valuable horticulture
crops, rain fast characteristics fuelling product sales, and awareness about
controlling molluscs. The restraints of the Molluscicides market include
stringent regulatory services, environmental damage due to chemicals and lack
of proper resources.
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The Asia-Pacific market for
Molluscicides is categorized on the basis of source, type, mode of application
and applications. Under segmentation by source, the market is categorized into
biological and chemical, wherein the chemical segment dominates the market
share. The market segmentation based on type is done into metaldehyde, ferrous
phosphate, methiocarb and others. Based on applications, the market is
segmented into field crops, turf & ornaments, horticulture crops, and
industrial. Finally based on mode of applications, the segmentation is done
into sprays, pellets and powder. The market is led by Metaldehyde segment based
on segmentation by type. On the basis of geography, the Asia-Pacific market is
analysed under various regions namely China, India, Australia, Japan and South
Korea.
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The major companies dominating
the market share include Bayer Cropscience AG, Lonza Group AG, BASF SE, Marrone
Bio Innovations, Inc., Adama Agricultural Solutions Ltd., American Vanguard
Corporation, Neudorff GmbH Kg, De Sangosse SAS, Certis Europe B.V, Doff Portland
Ltd.
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